Happen, Inc.
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $58.1M | $51.6M | $41.6M | $44.3M | $38.2M | $11.7M | $9.7M | $14.5M |
| Depreciation & Amortization | $18.2M | $15.8M | $16.6M | $16.9M | $15.5M | $13.9M | $19.7M | $13.3M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | $600.0K | $700.0K | $800.0K | $900.0K | $700.0K | $800.0K | $700.0K | $900.0K |
| Stock-Based Compensation | $7.0M | $7.6M | $8.2M | $8.5M | $9.1M | $8.5M | $9.5M | $9.5M |
| Net Cash from Operating Activities | $-572.9M | $-619.0M | $-903.8M | $-770.8M | $-713.1M | $-339.3M | $-185.4M | $-669.8M |
| Investing Activities | ||||||||
| Capital Expenditures | $28.0M | $25.8M | $15.6M | $21.0M | $90.7M | $13.1M | $17.2M | $12.4M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $113.5M | $182.5M | $548.8M | $595.9M | $337.0M | $450.5M | $498.1M | $-594.1M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | $7.8M | $12.6M | — | — | $0 | $0 | — | — |
| Net Cash from Financing Activities | $565.7M | $327.9M | $439.7M | $246.3M | $230.1M | $-168.4M | $-385.6M | $1.34B |
| Net Change in Cash | $106.4M | $-108.6M | $84.8M | $71.3M | $-145.9M | $-57.1M | $-72.9M | $80.8M |
| Free Cash Flow | $-600.9M | $-644.8M | $-919.3M | $-791.8M | $-803.8M | $-352.3M | $-202.6M | $-682.3M |